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Upward revision of the perspectives of business investment in 2010. Downward revision of the investment for 2009.
Investment survey
Upward revision of the perspectives of business investment in 2010. Downward revision of the investment for 2009. - 1st Semi-annual 2010
09 July 2010

Summary
According to the firms opinions expressed on the April 2010 Investment Survey (occurred between the 1st April and 30th June 2010), the entrepreneurial investment might increase 5.6% in 2010 in nominal terms. The same survey points to a nominal change rate of investment of -18.5% in 2009. These results represent an upward revision of 4.2 percentage points (p.p.) for 2010 and a downward revision of -1.4 p.p. for 2009, relatively to the perspectives revealed in the previous survey.
Among the investment objectives, from 2009 to 2010 the perspectives point to an increase of the relative weight of the investment in rationalization and restructuration and in extension of the production capacity and a decrease of the relative weight of the investment oriented to replacement and others.
As main limitative factor for business investment identified in the survey, the deterioration of the sales perspectives continues to be the factor mentioned by a larger number of firms, increasing its relative weight between 2009 and 2010, mainly compensated by the decrease of the percentage of firms that refer difficulties in obtaining bank credit and in self-funding capacity.    

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